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Unrated

L&T FMP Series XVIII Plan C (1178 Days) - Regular Plan


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.11 Lakh

Suitability:

Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from three months to five years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 9.15 0.01 0.27 1.08 2.66 6.44 11.24 -- -- -- --
CCIL T Bill Liquidity Weight 2.74 0.03 0.07 0.27 0.61 1.26 3.37 -- -- -- --
Debt: FMP 7.70 0.01 0.14 0.76 1.66 4.86 9.10 -- -- -- --
Rank within category 60 128 35 64 44 30 17 -- -- -- --
Number of funds in category 564 575 575 575 575 572 558 10 3 1 0

As on 23-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
L&T FMP Series XVIII Plan C (1178 Days) - Regular Plan
Unrated
Feb-19 11.24 -- -- -- 39
Nippon India Fixed Horizon Fund XXXVIII - Series 6 - Regular Plan
Unrated
Jul-18 9.89 -- -- 0.06 1,915
Kotak FMP Series 252 - 1261 Days - Regular Plan
Unrated
Nov-18 10.14 -- -- 0.09 1,287
ICICI Prudential Fixed Maturity Plan - Series 82 1185 Days Plan I
Unrated
Feb-18 7.84 -- -- 0.05 1,118
HDFC Fixed Maturity Plan - 1158 Days - February 2018 (1) - Regular Plan
Unrated
Feb-18 7.64 -- -- 0.18 1,051

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.45 (24-Mar-2020 - 31-Mar-2020) -1.69 (12-Mar-2020 - 19-Mar-2020)
Month 2.45 (24-Mar-2020 - 23-Apr-2020) -2.09 (20-Feb-2020 - 24-Mar-2020)
Quarter 4.98 (30-Apr-2020 - 31-Jul-2020) 0.17 (07-Feb-2020 - 08-May-2020)
Year 11.32 (10-Oct-2019 - 09-Oct-2020) 7.58 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.90 0.32 -3.63 -6.95 -- --
Debt: FMP* 5.96 2.75 0.51 0.75 3.20 4.61
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 12 12 -- 16
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) -- -- -- --
Avg Credit Rating AAA -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Bajaj Housing Finance 2022 Debenture AAA 9.63 - 9.76 9.75
equal 2.00% Tata Steel 23/04/2022 Debenture AA 9.09 - 9.39 9.32
equal 9.65% SBI Cards & Payments Services 25/04/2022 Bonds/NCDs AAA 8.28 - 8.66 8.63
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 8.44 - 8.86 8.60
equal 8.75% Amba River Coke 2022 Non Convertible Debenture AA- 0.00 - 8.49 8.46
equal 9.10% L&T Finance 13/04/2022 Non Convertible Debenture AAA 8.22 - 8.53 8.42
equal Walwhan Renewables Energy 31/01/2022 Debenture AA 7.91 - 8.34 8.28
equal 8.50% Kudgi Transmission 25/04/2022 Debenture AAA 8.05 - 8.44 8.15
equal Oriental Nagpur Betul Highway 30/03/2022 Debenture AAA 7.97 - 8.58 7.97
equal Aditya Birla Housing Finance 13/04/2022 Debenture AAA 7.11 - 7.29 7.29
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 4.17 - 4.38 4.23
equal HDB Financial Services 2022 Debenture AAA 3.15 - 3.22 3.21

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2020

Fund Manager

— Jalpan Shah since 04-Feb-2019

Education: Mr. Shah is a B.E. (Mechanical) and holds a PGDM.

Experience: Prior to joining L&T, he was associated with FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.

Funds Managed:

— Shriram Ramanathan since 21-Mar-2020

Education: Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA.

Experience: Prior to joining L&T Mutual Fund he has worked with FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T Ltd.

Funds Managed:


0.01%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 11.8571

Dividend: ₹ 11.8636


Investment Strategy

The scheme aims to achieve growth of capital through investments made in a basket of debt/ fixed income securities (including money market instruments) maturing on or before the maturity of the Scheme.

Tenure (Days) 1178
Maturity date 10-May-2022

Basic Details

Fund House: L&T Mutual Fund
Launch Date: 18-Feb-2019
Return Since Launch: 10.67%
Benchmark: CRISIL Composite Bond TRI
Riskometer: Moderate
Type: Closed-end

Contact Information

AMC: L&T Investment Management Ltd

Address: Brindavan Plot No. 177, CST Road Kalina, Santacruz (East) Mumbai - 400098

Phone: 022-66554000 / 1800-2000-400

Fax: 022-66554002

Email: [email protected]

Website: http://www.lntmf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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